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Management of March and Sunland Inc has estimated that the firm's new TV dinner project must generate $11,400 in FCF during each of the next

Management of March and Sunland Inc has estimated that the firm's new TV dinner project must generate $11,400 in FCF during each of the next 6 years to have an NPV of $0. Management anticipates that depreciation and amortization charges will equal $3,100, capital expenditures will equal $2,100, and additions to working capital will equal $400 during each of those years. What level of EBIT corresponds to an annual FCF of $11,400 if the firm is subject to the 40 percent marginal tax rate?

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